🎙️ SoF Podcast
Sanjay Jain, a CFO with over 20 years of experience in the media industry, shares his career journey and insights. Starting in finance after completing his CA, Sanjay worked across various sectors before focusing on media. Sanjay discusses the evolution of the media industry, from traditional cable and satellite TV to the rise of OTT platforms. He also talks about the challenges and opportunities in the industry, including the need for content discovery and the impact of regulations. Sanjay emphasizes the importance of leadership, continuous learning, and adding value in the finance function. He reflects on his roles at NDTV Imagine and Aaj Tak, including experiences with their IPOs and the specific challenges news channels face. He discusses the importance of having a good track record and a credible plan before going public. Jain also talks about the NDTV Imagine saga and the lessons learned from it. He emphasizes the significance of strategy in business and the unpredictable nature of content success. In retirement, Jain pursues passions like stock market investing and angel investments, measuring success by happiness and peace.
Takeaways
- The media industry has undergone significant changes, from traditional cable and satellite TV to the rise of OTT platforms.
- Leadership in the finance function involves backing your team, having a vision, and collaborating with other functions.
- The role of a CFO has evolved from being a controller and accountant to a strategic advisor who adds value across functions.
- Moving between industries is possible at a mid-level, but at senior positions, industry knowledge becomes more important.
- The CFO role allows for interaction with peers, insight into the company's growth, and the ability to influence decisions.
- Successful CFOs should be team players, have a desire to learn the business, and listen more than they speak.
- The IPO of Aaj Tak was a significant event in Sanjay's career, and he played a role in the company's growth and success. Having a good track record and a credible plan is essential before going public.
- The media industry is unpredictable, and success in content creation is often a matter of gut feeling.
- Retirement should be a time to focus on passions and find happiness and peace.
- Investing in the stock market requires careful observation and patience.
- Angel investments should be made with money that can be written off and should consider the founders' passion and knowledge.
- Success should be defined by happiness and peace, rather than just wealth.
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